Tax Tip Of The Day: Keep Good Tax Records

You can avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Good recordkeeping will help you remember the various transactions you made during the year, which in turn may make filing your return a less taxing experience.Remember, good recordkeeping will ensure you do not miss out on any tax deductions.Publication 552 will help you in knowing what records you need.

For more information on IRS tax tips, go to the IRS.gov web site at www.irs.gov.